BTIG upgrades Annaly Capital, downgrades AGNC amid tightening MBS spreads

Tuesday, Jan 6, 2026 8:40 am ET1min read
AGNC--
NLY--

BTIG upgrades Annaly Capital Management (NLY) to Buy and downgrades AGNC Investment (AGNC) to Neutral, citing tightening mortgage-backed security (MBS) spreads reaching multi-year tights. NLY shares are up 0.61% pre-market to $22.91, while AGNC is down 0.27% to $11.04. The upgrades/downgrades are based on the firms' relative performance in the current market conditions.

BTIG upgrades Annaly Capital, downgrades AGNC amid tightening MBS spreads

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